Budget Battles
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Trump Ousts Watchdog for Coronavirus Funds
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Trump's Surprise Plan for Coronavirus Coverage
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Pelosi: Americans Need Another Massive Aid Package
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10 Million Jobs Lost, and Millions More to Come
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Trump's ‘Big & Bold’ Idea for the Next Stimulus
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Pelosi Eyes Another Massive Coronavirus Bill
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After Late Drama, Trump Signs $2 Trillion Coronavirus Bill
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Pelosi and Schumer Want Billions More for Hospitals, States, Food Aid
By Michael RaineyWith the Trump administration seeking another $250 billion for small businesses struggling during the coronavirus crisis, House Speaker Nancy Pelosi and Senate Minority Leader Charles Schumer said...
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Trump Ousts Watchdog Overseeing $2 Trillion Coronavirus Relief
President Trump has ousted the federal watchdog leading the panel Congress established to oversee implementation of the $2 trillion coronavirus relief law. Trump removed Glenn Fine, the acting...
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Mnuchin Requests $250 Billion More for Small Business Aid Program
By Michael RaineyTreasury Secretary Steven Mnuchin asked Congress on Tuesday to add $250 billion to the small business aid program that went into effect last week as part of the federal response to the coronavirus...
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Coronavirus Response Will Add $4 Trillion to US Debt, Goldman Sachs Says
Economists at Goldman Sachs say additional fiscal measures to support an economy battered by the coronavirus pandemic are likely to be necessary, and they expect those measures could add another $500...
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White House Says Government Will Pay Hospitals for Coronavirus Care for Uninsured
By Michael RaineyThe Trump administration sprung a couple of surprises last week: It said that it would not reopen the Obamacare exchanges for a special enrollment period that would allow more people to sign up for...
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Second Coronavirus Relief Package Will Cost $192 Billion: CBO
By The Fiscal Times StaffA little more than two weeks ago, Congress hurriedly passed the Families First Coronavirus Response Act intended to ease the burden of the coronavirus pandemic, with provisions that expanded paid...
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Pelosi: Americans Need Another Massive Aid Package
House Speaker Nancy Pelosi signaled a new direction Friday for the next phase of coronavirus aid , calling for more immediate assistance for American households and businesses rather than the broader...
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States Prepare for Coronavirus Fiscal Storm
By Michael RaineyState budgets will be crushed by the coronavirus crisis as millions of workers and businesses stop paying taxes, says Josh Goodman of Pew Charitable Trusts. But state officials are going to have to...
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Pelosi Announces Committee to Oversee Coronavirus Funds
House Speaker Nancy Pelosi on Thursday announced the creation of a special bipartisan committee to oversee the Trump administration’s coronavirus response and its handling of the $2 trillion economic...
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10 Million Jobs Lost, and Millions More to Come
More than 6.6 million Americans applied for unemployment benefits last week as the coronavirus pandemic ground the economy to a halt, a staggering number that’s nearly double the record set the week...
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The Scramble Is On to Send Millions of Coronavirus Checks
Congress last week approved legislation to send millions of Americans coronavirus relief payments and Treasury Secretary Steven Mnuchin said Sunday that the money would start arriving “within three...
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About That Infrastructure Package ...
House Speaker Nancy Pelosi said Wednesday that the next phase of coronavirus stimulus legislation should include at least $760 billion over five years for water projects, broadband and transportation...
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Pelosi Floats Stimulus Idea That Would Benefit High Earners
House Speaker Nancy Pelosi has floated another suggestion for the next round of fiscal stimulus: A retroactive rollback of the 2017 Republican tax law’s limit on state and local tax deductions. In an...
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Trump's ‘Big & Bold’ Idea for the Next Stimulus Bill
As lawmakers set their sights on a fiscal stimulus plan to follow their $2 trillion coronavirus relief package, President Trump on Tuesday said that a $2 trillion infrastructure program should be...
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Chart of the Day: The Massive Response to the Coronavirus
By Michael RaineyThe world has never seen anything like the current fiscal and monetary response to the coronavirus epidemic, says Gavyn Davies of the Financial Times, and the U.S. taking some of the most aggressive...